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PRIVACY FACT STATEMENT HDFC Bank Limited | SCOPE | This Notice Applies to HDFC Bank’s personal information collection inregards to Card Services | ||||
Personal Information | We collect personal information directly from you and maintain information on your activities with us. Personal information includes your card number, demographics details. | |||||
Uses and Disclosure | The information is collected to reload your Card. The information will be processed only after your explicit consent. The information is shared with Bank’s authorized third party. By using the service, you consent to our collection, use and disclosure practices, and other activities as described in this Privacy Statement. In some cases, bank may share your information with regulatory bodies in India and outside India where we are required by law to do this | |||||
Your Choices | For rights available to you, please read our online privacy notice | How to Contact Us | If you have a general question about HDFC Bank’s commitment to personal privacy, please contact: privacy@hdfcbank.com | |||
Important Information | View our Online Privacy notice for details related to privacy. Privacy Notice EU Users Global Privacy Notice | If you have a specific question or concern about your credit or account with HDFC, please reach out to us on https://www.hdfcbank.com/personal/customer-centre |
Please acknowledge that you have read the privacy statement and you provide consent to our processing the data in accordance with the said privacy statement
As per the Finance Bill 2023, w.e.f. 1 July 2023, all the Authorized Dealers(AD) are mandated to collect Tax Collected at Source(TCS) on all Forex drawals which is also applicable for Forex Card Load/Reload.
Please Note : The applicable TCS will be debited from your account/Credit Card therefore kindly maintain sufficient balance/limits.
For any queries: Contact your respective HDFC Bank Relationship Manager or Visit nearest HDFC Bank branch
We would like to inform you of the revised TCS rates (as per the Finance Act, 2023) on Forex drawls/ remittances by Resident Individuals under Liberalised Remittance Scheme (LRS) effective from 1st October 2023, which is as under.
S. No. | Type of Remittance Abroad | New TCS rate (w.e.f. 1st October 2023) |
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(1) | For the purpose of education, if the amount being remitted is from a loan obtained from any specified institution | Threshold limit - NIL upto Rs. 7 lakhs, 0.5% of the amount or the aggregate amount over Rs. 7 lakhs per financial year. |
(2) | For the purpose of education, other than (1) above (or) for the purpose of medical treatment. | Threshold limit - NIL upto Rs. 7 lakhs, 5% of the amount or the aggregate amount over ₹7 lakhs per financial year. |
(3) | Any other purpose under LRS | Threshold limit - NIL upto Rs. 7 lakhs, 20% of the amount or the aggregate amount over Rs. 7 lakhs per financial year. |
(4) | Overseas tour packages | 5% upto Rs. 7 lakhs* 20% of the amount or the aggregate amount over Rs. 7 lakhs* per financial year. |
(5) | Resident Individual falling under ''Specified Person'' category / Non-PAN case/ inoperative PAN cases | Double the normal rate of TCS or 5%, whichever is higher. However, TCS rate shall not exceed 20%. |
Note:
Definition of Specified Person:
“Specified Person” means a person who satisfies both the following conditions:
For any further queries/ assistance, please contact your Relationship Manager or nearest HDFC Bank Branch.